VENDOR MANAGEMENT
Vendor management or supply chain management is one of the most crucial processes of an organization. It maintains its day to day functioning and keeps it running. Vendors may range from basic supplies facilitator to high-end services provider. Thus, the scale of an organization runs proportional to the number of vendors it deals with. Not to forget, each vendor relation is a legal binding relation and must pass through strict legal scrutiny to attain desired results and maximum performance. Vendor management process requires strict compliance adherence to ensure transparent and effective vendor selection.
|